Dearborn Heights Bankruptcy Lawyer
One of the Best Bankruptcy Attorneys in Dearborn Heights, MI
Office Location
23843 Joy Rd
Dearborn Heights, MI 48127
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 in office or by phone
We offer late night appointments as late as 6:30 by phone or in person Mon-Thur.
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Are You Drowning in Debt and In Need of Legal Help?
Look no further than our Dearborn Heights bankruptcy lawyers. Our local bankruptcy lawyers are here to guide you through the complex legal process and help you achieve financial freedom.
With over 25+ years of experience and a deep understanding of bankruptcy laws, we are the trusted choice for anyone facing financial hardship in Dearborn Heights and all of Michigan.
Imagine a life without debt hanging over your head. Our skilled bankruptcy lawyers will work tirelessly to protect your rights, negotiate with creditors, and strive to secure the best possible outcome for each and every case.
Don’t wait another day to take control of your financial situation. Contact Dearborn Heights bankruptcy lawyers at 1-800-646-0075 today for a free consultation. Let us offer you the help and support you need to start fresh and build a brighter future.
What is Bankruptcy?
Bankruptcy is a legal process that provides individuals and businesses with a way to eliminate or repay their debts under the protection and guidance of the court. [1]
It is designed to provide relief for individuals and businesses overwhelmed by debt and unable to meet their financial obligations. Bankruptcy can be a viable solution for those facing:
- Car loan debt
- Credit card debt
- Medical bills
- Mortgage debt
By filing for bankruptcy, you can halt creditor harassment, stop foreclosure or repossession actions, and gain the opportunity for a fresh financial start.
Consult with our bankruptcy attorneys today to determine if bankruptcy is the best option for your situation.
Types of Debts that Can Be Discharged in a Dearborn Heights Bankruptcy
Bankruptcy can provide individuals with a fresh start by discharging certain types of debts.
The types of debts that can be discharged include the following:
- Certain tax debt: Such as income tax debts that meet specific criteria, can be discharged through bankruptcy.
- Credit card debt: Credit card debt which is a common financial burden for many, can be discharged in bankruptcy. However, fraudulent charges or recent purchases of luxury goods may impact the whether this debt may be discharged.
- Medical bills: Medical bill debt can often be discharged, meaning that the individual is no longer legally obligated to repay those debts. This can provide a much-needed financial relief and a fresh start for individuals burdened by overwhelming medical expenses.
- Unsecured debts: Unsecured debt refers to debts that are not backed by collateral, such as credit card debt or personal loans. Bankruptcy can provide relief for unsecured debts by potentially discharging or restructuring them, allowing individuals to alleviate the burden of these financial obligations.
We will review the specific details of your situation and help determine which types of debts may qualify for discharge under bankruptcy laws. With our guidance, you can make informed decisions and pursue a fresh financial start.
Alternatives to Filing for Bankruptcy
When facing overwhelming debt, bankruptcy may not always be the ideal solution for everyone. There are alternatives to filing for bankruptcy that can provide relief and help individuals regain financial stability.
One alternative is debt consolidation, which involves combining multiple debts into a single loan.
By consolidating debts, you can simplify your repayment process and potentially secure a lower interest rate. This option can make monthly payments more manageable and help individuals pay off their debts more efficiently.
Another alternative is debt settlement, which involves negotiating with creditors to lower the overall amount owed. With the help of a skilled negotiator, individuals can reach agreements with creditors to settle their debts for less than the full amount.
This option can help individuals reduce their debt burden and avoid the long-lasting effects of bankruptcy.
Credit counseling is also an alternative worth considering. Credit counselors work with individuals to create personalized debt management plans, providing guidance on budgeting and managing finances effectively.
They can negotiate lower interest rates and better payment terms with creditors, allowing individuals to stay on track with their payments and avoid further financial troubles.
Credit Card Debt & Unsecured Debt Dischargeability
When faced with overwhelming debt, particularly from credit cards, it can feel like there is no way out. In certain situations, bankruptcy can provide individuals with relief from their financial burdens.
Credit Card Debt Dischargeability:
Credit card debt is considered unsecured debt, meaning it is not tied to any specific collateral. In bankruptcy, credit card debt can be discharged, which means the debtor is released from the obligation to repay the debt.
Not all credit card debt is dischargeable. Factors such as fraudulent activity or recent charges for luxury goods may affect the ability to discharge the debt.
Our bankruptcy attorneys at Frego Law will navigate the complexities of credit card debt dischargeability and guide you towards the best possible outcome for your financial future.
Unsecured Debt Dischargeability:
In addition to credit card debt, unsecured debt can encompass a wide range of financial obligations, such as medical bills, personal loans, and certain types of tax debt.
Just like credit card debt, the dischargeability of unsecured debt depends on several factors and legal requirements.
Contact Our Dearborn Heights Bankruptcy Attorneys at Frego Law Today
At Frego Law, we understand the difficulties of dealing with overwhelming debt. Our experienced bankruptcy attorneys can help you determine if filing for Chapter 7 or Chapter 13 bankruptcy is the right solution for your financial situation.
We will review your unique circumstances and provide tailored advice to help you find relief from crippling debt.
Our team of experienced Dearborn Heights bankruptcy lawyers will guide you through your bankruptcy step by step. Contact us today to get started.
Source:
[1] Bankruptcy. (n.d.). United States Courts. https://www.uscourts.gov/services-forms/bankruptcy
Received Accolades:
206-2010, 2012, 2014-2021
American Bankruptcy Institute
Certified as a Bankruptcy Specialist by ABC
National Association of Consumer Bankruptcy Attorneys
Better Business Bureau
Office Location
23843 Joy Rd
Dearborn Heights, MI 48127
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 in office or by phone
We offer late night appointments as late as 6:30 by phone or in person Mon-Thur.
